Search found 730 matches

by donall
Tue May 22, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Difficulty with Parents-In-Law
Replies: 25
Views: 1214

Re: Difficulty with Parents-In-Law

Back off! Father in law showed you his investments so you would say what a great investor he was. You communicated the opposite. With mother in law’s gift of insurance, you want to cash it in and negating a gift of twenty something years. Note that these two raised a wonderful daughter that you marr...
by donall
Tue May 22, 2018 9:16 am
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 60
Views: 2104

Re: How have you upgraded your wardrobe?

In our neighborhood, the shabbier the clothes, the richer the guy. Oh course this is only for the retired group.
by donall
Sun May 20, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Finance a $28,000 house for Brother?
Replies: 73
Views: 5078

Re: Finance a $28,000 house for Brother?

I would not hesitate to do this for family and would work with brother to make it happen. I always helped my sister when asked. She is a risk taker while I am a plodder, so I was able to assist her when things did not turn out as planned.
by donall
Sat May 19, 2018 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6594

Re: Helping Adult Children (but not too much)

Fund her Roth IRAs the first few years. She has an emergency fund, down payment for a house, retirement, etc. Contributions to IRAs are most beneficial when one is in their 20s.
by donall
Sat May 19, 2018 9:08 am
Forum: Personal Consumer Issues
Topic: Hardwood around the perimeter but plywood under the rug
Replies: 12
Views: 1187

Re: Hardwood around the perimeter but plywood under the rug

This border treatment is very common in Victorian homes in small towns. Victorians also used pine floors in rooms that were planned for wall to wall rug treatment. You may also want to look closely at any stained woodwork, as it may be grained to resemble oak.
by donall
Fri May 18, 2018 7:59 pm
Forum: Personal Consumer Issues
Topic: Neighbor wants to use our land temporarily - let them or not?
Replies: 48
Views: 5975

Re: Neighbor wants to use our land temporarily - let them or not?

I would not allow someone to use my empty lot for construction staging. This is not a good neighbor, as they did not ask permission before using your land. If I had this situation, I would let them know that because of insurance reasons they are cannot use your lot. I once came home and found four p...
by donall
Fri May 18, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Home Loan from Parents
Replies: 23
Views: 1820

Re: Home Loan from Parents

This can work. This worked with three kids. Same loan rate as bank but (except for filing fee at county and drawing up contract) without closing fees. Auto deduct works like a charm.
by donall
Thu May 17, 2018 10:18 pm
Forum: Personal Consumer Issues
Topic: Should I have my new garage floor coated with Epoxy?
Replies: 23
Views: 2996

Re: Should I have my new garage floor coated with Epoxy?

Make sure you allow the concrete to cure before applying the floor coating.
by donall
Mon May 07, 2018 11:27 am
Forum: Investing - Help with Personal Investments
Topic: DRIP (Dividend Reinvestment Plan)
Replies: 21
Views: 1728

Re: DRIP (Dividend Reinvestment Plan)

SO was gifted DRIPS and did well with them. So we did the same. But during the last decade we were primarily in index funds with just a few holdover DRIPS. The DRIPS are cumbersome as the DRIPS may have separate accounts. Be aware that some DRIPS have high expenses,especially if the individual stock...
by donall
Thu May 03, 2018 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance is getting complicated
Replies: 32
Views: 5145

Re: Inheritance is getting complicated

Permit me to lay out my (small) inheritance situation to see if anyone can clarify my options: Hoping to retire early at age 60 in less than 4 years. Want this to help that goal as much as possible. I do not know whether I will be in a higher tax bracket when I retire – my husband is 14 years older...
by donall
Thu May 03, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Capital gains in a trust
Replies: 8
Views: 688

Re: Capital gains in a trust

EIC is only available with earned income, trust income is not earned income. There is also a limit on the amount of dividends and interest with EIC. Taxes at individual level are less than at trust level, so best to have trust income flow through individual. Capital gains and dividend tax rate are 0...
by donall
Thu May 03, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Capital gains in a trust
Replies: 8
Views: 688

Re: Capital gains in a trust

EIC is only available with earned income, trust income is not earned income. There is also a limit on the amount of dividends and interest with EIC. Taxes at individual level are less than at trust level, so best to have trust income flow through individual. Capital gains and dividend tax rate are 0...
by donall
Tue May 01, 2018 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for problem firm holding my inherited funds
Replies: 21
Views: 1414

Re: Advice for problem firm holding my inherited funds

I remember being asked these questions when I opened a new brockerage account a long while ago. I was counseled to indicate that I had very little investing experience. I don’t remember the exact reason but somehow it would be better if there were problems with the account, as there would be more ov...
by donall
Thu Apr 26, 2018 11:51 am
Forum: Personal Consumer Issues
Topic: Building/House Plans
Replies: 26
Views: 1632

Re: Building/House Plans

Absolutely hire an architect familiar with your lot and housing type. An architect is worth every penny and may have insights into respected contractors. The suggestions you have received are excellent, especially recommendations for future expansion that cost a small amount now. I would also add th...
by donall
Fri Apr 06, 2018 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct is a waste of time
Replies: 80
Views: 19316

Re: Treasury Direct is a waste of time

What is transact authority with Treasury Direct? How do you get this authortty for someone?
by donall
Fri Apr 06, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: help! I want to treat heirs equally
Replies: 38
Views: 5391

Re: help! I want to treat heirs equally

Even up as much as you can before death. I would let the future beneficiaries know that the gift is to equalize. After death make it equal.
by donall
Mon Mar 19, 2018 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question on EE bonds
Replies: 3
Views: 445

Re: Tax question on EE bonds

If paper bonds, who signed the bonds and wrote their social security number on the back?
If in Treasury Direct or bricksrage account, whose social security number is on the account?
by donall
Sun Mar 18, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating Price on a new build condo
Replies: 9
Views: 971

Re: Negotiating Price on a new build condo

Developers almost never decrease the price. Their bank proforma depends on a certain selling price. In addition, a lower selling price can affect future sale prices. You can definitely negotiate for upgrades. Of course it never hurts to try to negotiate on price.
by donall
Fri Mar 16, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: How does everyone here earn so much?
Replies: 131
Views: 7275

Re: How does everyone here earn so much?

Markersquire, you are young. If you read this forum and you are in your 20s you will do fine no matter how much or little you make.
by donall
Fri Mar 16, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Check, deceased payee
Replies: 15
Views: 1518

Re: Check, deceased payee

If none of those work, just fill out a small estate affidavit, if you do not have one already. Worked for me when there was a surprise check from a class action lawsuit. In my case downloaded form, filled out, and got notary stamp. Used the affidavit to get check and also to deposit. For privacy rea...
by donall
Wed Mar 14, 2018 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: simplifying my financial life -- should i get rid of treasury direct?
Replies: 47
Views: 4564

Re: simplifying my financial life -- should i get rid of treasury direct?

I just redeemed a small amount of inherited paper bonds. Could not have been easier and is one of the reasons we still use a brick and mortar bank. I also transferred bonds that I inherited. It seemed cumbersome, but went smoothly with two phone calls and emails. The website takes a bit getting used...
by donall
Tue Feb 27, 2018 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Buying pension credit: Should I use pre or post tax dollars?
Replies: 20
Views: 1389

Re: Buying pension credit: Should I use pre or post tax dollars?

I’ve done both. I would definitely go pretax unless the value in your retirement plan was down such as in 2009 or 2010.
by donall
Sun Feb 25, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Bequeathing shares in an LLC to multiple people
Replies: 2
Views: 220

Re: Bequeathing shares in an LLC to multiple people

I think a lot of your questions can be answered by looking at the LLC documents. The LLC documents often outline actions for situations such as death of a shareholder. It is good you are looking into this now. Some additional thoughts: Is the LLC earning any money from the property? Why is your home...
by donall
Thu Feb 22, 2018 2:21 am
Forum: Personal Consumer Issues
Topic: Cedar Roof
Replies: 27
Views: 1776

Re: Cedar Roof

In addition to knowing if the roof has shakes or shingles, what is the angle of the roof? Steep roofs often last longer than shallow slopes.
by donall
Mon Feb 19, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 11622

Re: What has been your most important skill in achieving financial independence?

I really hate shopping and married a spouse who really, really hates shopping.
by donall
Mon Feb 19, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning RLT vs. Testamentary (Texas)
Replies: 13
Views: 832

Re: Estate Planning RLT vs. Testamentary (Texas)

As a reustee/executor this past year, my advice is to use two separate RLTs. The RLTs can be identical and both should have a guardian, financial trustee, and instructions for the child and when the funds are inherited (just remember that after death the RLT becomes irrevocable). No need for a separ...
by donall
Sun Feb 11, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 131
Views: 19493

Re: Great 403b for teachers?

Does the American Federation of Teachers have a similar program?
by donall
Fri Feb 09, 2018 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: [How to recover payment sent to closed account]
Replies: 5
Views: 412

Re: [How to recover payment sent to closed account]

I did this once with a utility co and after a phone call they redirected the payment to the correct account. Banks may have a longer procedure.
by donall
Fri Feb 09, 2018 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: savings bonds as gifts? thru Treasury Direct
Replies: 4
Views: 424

Re: savings bonds as gifts? thru Treasury Direct

I gifted Ibonds quite a few years ago. You will need the account number of the person you want to gift to. It is an easy process where you buy the bonds as a gift and transfer the bonds to the giftee. I don't remember if you need the social security number of giftee. The first time the giftee needs ...
by donall
Wed Feb 07, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Transaction Question........
Replies: 2
Views: 300

Re: REAL ESTATE TRANSACTION QUESTION........

I would keep the buyer and tenant relationship separate. If buyer wants to rent, then fine. But do not throw out the tenant that you have, as the purchase deal may not go through. Maybe I am not reading this correctly, but it seems that you would miss out on a couple of months rent if you went along...
by donall
Wed Feb 07, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Newly widowed mother-in-law asset allocation
Replies: 17
Views: 1285

Re: Newly widowed mother-in-law asset allocation

First, I'm sorry to hear about your father-in-law. This is a rough time and I hope that all of you will be gentle on yourselves. I'll let others weigh in on the asset allocation part of your question but I do have some thoughts/recommendations. I'm a young-ish widow who has benefited greatly from t...
by donall
Sun Feb 04, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Volunteer consulting — need LLC or something else?
Replies: 8
Views: 545

Re: Volunteer consulting — need LLC or something else?

Many non, not for profit, and government agencies carry volunteer insurance. Coverage may vary from physical premises liability and medical costs to actions of volunteers. Would spouse be considered a volunteer with organization where she is training?
by donall
Sun Jan 28, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Transfer money to family members to take advantage of lower tax rates
Replies: 35
Views: 3544

Re: Transfer money to family members to take advantage of lower tax rates

Hah, did this with small amount of the individual stocks that we owned. Worked well with 3 stocks, but last stock went down in value. With gifted stocks, loss is limited, so would have been better to keep that stock.
by donall
Tue Jan 23, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 6237

Re: Should I buy a business or suck it up at a job(s) with a pension.

Run from the car wash idea. Do whatever it takes to remain in your jobs. If you need to do an investment activity just buy a rental. The rental should give you a small dose of managing a car wash.
by donall
Sat Jan 20, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: Pros and Cons of High Rise Condos for retired couple
Replies: 47
Views: 5362

Re: Pros and Cons of High Rise Condos for retired couple

Renting is a good idea. SF and SC have different weather, which may also be important to try out.
by donall
Sat Jan 20, 2018 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Contacting store after urgent care visit?
Replies: 21
Views: 2655

Re: Contacting store after urgent care visit?

She’s a teenager! You’ve done the right thing and contacted insurance company and store. I would send bills and follow up with emails or letters if you don’t get reimbursed. It is important to do this and insist the bench be removed so splinters will not cause more misery for others.
by donall
Thu Jan 11, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct "Entity" Account
Replies: 3
Views: 411

Re: Treasury Direct "Entity" Account

Your trust is a separate entity. You and your wife can purchase using 4 accounts, so $40,000 for Ibonds and $40,000 for E-bonds.
by donall
Thu Jan 11, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 75
Views: 3117

Re: Trying to help acquaintence - medicare costs

I would be very careful with someone’s Medicare supplemental insurance. In most cases it is not possible to change insurance carriers without a medical review or pre-existing clauses that can increase the premium.
by donall
Wed Dec 27, 2017 3:32 am
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 4487

Re: Miata as second car

AlohaJoe wrote:
Tue Dec 26, 2017 11:22 pm
donall wrote:
Tue Dec 26, 2017 11:14 pm
It was a fair weather commuter car
I owned a Miata as my only car when I lived in Colorado. It is more than a "fair weather" car, IMHO. I drove it in several blizzards.
This car was babied second (and third) car. We would never drive in bad weather, nor expose to salt.
by donall
Tue Dec 26, 2017 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 4487

Re: Miata as second car

Fully support your decision to buy a Miata. We went looking for a new car and ended up with a used Miata and our sedan. The Miata was great and worth every penny. We owned it for many years and I don’t remember there being any issues out of normal maintenance. It was a fair weather commuter car, fun...
by donall
Tue Dec 26, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Should I preserve parents’ risky portfolio? Or “disobey” them?
Replies: 74
Views: 5316

Re: Should I preserve parents’ risky portfolio? Or “disobey” them?

With 3 million and a withdrawal rate of less than 1%, I’d say your parents are set. To honor your parents I don’t think you need to keep the portfolio the same but try to preserve and grow the portfolio. This seems like a legacy portfolio rather than a portfolio necessary for living expenses. Income...
by donall
Sun Dec 24, 2017 10:30 pm
Forum: Personal Consumer Issues
Topic: Diminished Value
Replies: 19
Views: 2214

Re: Diminished Value

Did you pay for the repair using a credit card? Does the card have supplemental insurance? If yes, this may be covered by credit card. Not your typical car rental, but worthwhile asking.
by donall
Sat Dec 23, 2017 10:00 am
Forum: Personal Consumer Issues
Topic: Income tax software, "Tax Slayer".
Replies: 16
Views: 1625

Re: Income tax software, "Tax Slayer".

Taxslayer was dreadful for state returns. I've noticed that there were a large number of changes or updates to Taxslayer, so I am hoping for the best this year. On the positive side, the telephone support was excellent last year and I hope that continues.
by donall
Thu Dec 14, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Help with ACA problem
Replies: 10
Views: 1435

Re: Help with ACA problem

When you sign up for ACA coverage for 2018 you may asked to send in documents from 2017 to verify projected income. Why not employ your daughter to help your family for the last weeks in 2017 if she cannot get a temporary job?
by donall
Wed Dec 06, 2017 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Was accidentally placed on Medicaid.
Replies: 16
Views: 2071

Re: Was accidentally placed on Medicaid.

If you were approved for Medicaid, then your income should have been verified no matter what amount you input. Medicaid uses monthly, not yearly income, so someone whose income varies may also be approved if the last two months have a lower amount than subsequent months. Income is often verified ann...
by donall
Sun Nov 26, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis: Can you get to the bottom of things?
Replies: 136
Views: 10180

Re: Analysis Paralysis: Can you get to the bottom of things?

I remember feeling the same way a while back. I actually bought individual stocks thinking I would try various strategies. I spent a year on the strategies and realized I needed to know the future to get the best results. I gave up as the time commitment was too high. Luckily I found this site as we...
by donall
Fri Nov 24, 2017 11:45 am
Forum: Personal Consumer Issues
Topic: Replace TVs with Smart Tvs or not?
Replies: 57
Views: 4962

Re: Replace TVs with Smart Tvs or not?

I'll join in with the majority and recomend a streaming device. Smart TVs still have too many bugs in them. Netflix or other apps are sometimes not available on the Smart TV, yet I can access them on my phone or other devices.
by donall
Thu Nov 23, 2017 10:21 am
Forum: Personal Consumer Issues
Topic: How difficult and expensive to add a new bathroom?
Replies: 34
Views: 2658

Re: How difficult and expensive to add a new bathroom?

The larger the addition the less cost per square foot. If you are adding only a bathroom, then price per square foot is very high. If you are adding a bathroom, perhaps you can also add more square footage to add to value of house.
by donall
Sun Oct 29, 2017 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Help Planning Mom's Finances after Dad Passed
Replies: 27
Views: 2793

Re: Help Planning Mom's Finances after Dad Passed

I'm sorry about the passing of your dad. It is good that you are looking into helping your mom. Health insurance is important to plan for and is the most pressing need. Your plan for the IRA is sound to reduce costs. Sometimes insurance companies have an option to leave the insurance money at the co...